Financial stocks were leaning lower pre-bell Tuesday with the Select Financial Sector SPDR (XLF) declining by 0.7% recently. The Direxion Daily Financial Bull 3X shares (FAS) were down more than 2% and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were over 2% higher.
KKR (KKR) and the Hero Group have agreed to invest $450 million in the latter's renewable energy arm, Hero Future Energies, the companies said. KKR was over 3% lower recently.
American International Group (AIG) said it closed the initial public offering of its life insurance and retirement division Corebridge Financial and received gross proceeds of about $1.7 billion. American International Group was recently unchanged.
Hamilton Lane (HLNE) said it made a strategic investment in Singapore-based digital wealth management platform StashAway, as part of its expansion in Southeast Asia. Financial terms of the investment weren't disclosed. Hamilton Lane was inactive recently.
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